Jefferies strategist Sean Darby and team offers 12 stocks that have “experienced upward consensus earnings and target price revisions” over the past four weeks, including Devon Energy (DVN), Freeport-McMoRan (FCX), Marathon Oil (MRO), and Newmont Mining (NEM):
No, you’re not imaging a large number of energy companies on the list:
Energy continues to shine. Over the past one month and three months, the energy
sector has experienced the best upward earnings and target price revisions. Chevron (CVX) appeared on the list…Technology hardware saw marginal upward earnings revisions and target price changes. Cisco Systems (CSCO) appeared on the screen.
Shares of Devon Energy have dropped 2.9% to $36.65 at 11:19 a.m. today, while Freeport-McMoRan has tumbled 3.3% to $12.25, Marathon Oil has slumped 3.7% to $13.59, Newmont Mining has fallen 2.9% to $40.09, and Chevron is off 2.2% at $103.29.